Posts tagged UAE property
Slowdown in handovers may help cushion prices

Cavendish Maxwell released its Q1 2020 UAE Property Market Report, containing key data and trends for Dubai, Abu Dhabi and the Northern Emirates.

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Bullet-Point Property: Dubai No. 87

I arrived to live and work in Dubai in 2003 when the population had just reached one million, today we have three million, and by 2027, Dubai expects to have more than five million residents.

This is a city whose population has grown 1,000 per cent in the last 40 years making it one of the fastest growing cities on the planet. Read more here

Dubai is one of the seven Emirates that make up the United Arab Emirates which now has a total population of 9.3 million, and many of those people have contributed to the AED 6 billion invested by residents in Dubai real estate from January to June this year. Read more here

This week’s property discussions have included:

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Who buys most apartments in Dubai?

Investors from this country spend nearly Dh6 billion in Dubai real estate from January to June this year alone.

Buying a property in Dubai remains an attractive proposition for those who want to park their money and generate great returns in the long term.

The latest data would show that billions of dirhams are being spent by foreigners, including expatriates based in the UAE, to acquire a piece of home in some of Dubai’s skyscrapers.

But many of these buyers are homing in on Dubai not because they want to have their own place to settle in, but mainly because they want to rent out.​​​​​​​ 

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Bullet-Point Property: Dubai No. 86

The summer has definitely arrived in Dubai with daily temperatures ranging from 42 to 44 degrees during the day down to a cooler 33 degrees at night.

All the schools have broken up, and the worlds busiest airport for international travellers will have welcomed over 1.1m people during the past week.

Up until a few years ago, the city would have been deserted through to mid-September, however, the current trend is to take just a few weeks off over the summer and then get back to work – its business as usual.

It's always a busy time for me as many overseas clients take advantage of the summer deals on Dubai hotels and flights to visit for their holidays. So if you are planning a trip to Dubai in the next few months, please get in touch as soon as possible, and we can make a plan to meet to discuss the many offers as well as view the new developments and properties.

This week’s property discussions have included the following:-

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